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Market Research Report

Global Electronic Clinical Outcome Assessment Solutions (eCOA) Market - Segmented by Delivery Mode, End-User and Geography - Growth, Trends, and Forecast (2018 - 2023)

Published by Mordor Intelligence LLP Product code 708575
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Global Electronic Clinical Outcome Assessment Solutions (eCOA) Market - Segmented by Delivery Mode, End-User and Geography - Growth, Trends, and Forecast (2018 - 2023)
Published: September 1, 2018 Content info: 128 Pages
Description

The global Electronic Clinical Outcome Assessment Solutions (eCOA) market is expected to register a CAGR of 12.5% during the forecast period, 2018 to 2023. Electronic Clinical Outcome Assessment (eCOA) uses the technology such as smartphones, tablets and computers to allow the patients, caregivers and doctors to report the outcomes of the clinical trials directly. eCOA produces highly accurate data that allows for a better understanding of the patient experience in clinical trials and ultimately helps simplify the path to approval.

Constant Advancements in eCOA Modalities and Applications to Boost Growth of the eCOA Solutions Market

eCOAs, including ePROs (electronic Patient Reported Outcomes) and electronic ClinROs (Clinician Reported Outcomes) and ObsROs (Observer Reported Outcomes), are used increasingly in the collection of patient data as part of clinical trials and observational studies. With the advancement in technology the eCOA modalities are becoming accessible and easy to use. The reduction in the paper-based methods not only indicates a realization of the potential benefits gained through the use of electronic technologies, but also points to a fairly clear gravitation away from paper-based methods. Thus, these constant advancements to provide an efficient workflow is expected to contribute for the growth of the market in the forecast period.

Other factors driving the market growth are increasing externalization of clinical trial studies by large pharmaceutical and biopharmaceutical companies and growing demand for cloud based services.

Data Security and Privacy Concerns to Restrain Growth of the eCOA Solutions Market

Data security is a major concern for healthcare organizations, and justifiably so. In 2014, for the fourth year in a row, the healthcare sector experienced the largest number of data breaches, according to a Symantec report. The 116 data breach incidents in 2014 represented 37 percent of all reported incidents, and exposed more than 7 million identities. Any effort by an organization to reduce costs cannot compromise security in the process. The financial expense of addressing a breach would quickly erase any savings and likely do significant damage to an organization's budget and reputation. Companies are becoming aware of these data security concerns and understanding that compromise of a client's data will result in a loss of business. This is why offshore firms are building a secure environment in which their data.

The other factors restraining the market are high cost of implementation of eCOA.

North America is Expected to Dominate the eCOA Solutions Market

North America held the largest market share owing to the local presence of well-established market players coupled with large number of ongoing research in this region.

Key Developments in the eCOA Solutions Market:

  • July 2018: Genstar Capital, a leading investor in healthcare technology and services companies, announced the acquisition of CRF Health, a global provider of eCOA and eConsent solutions for the life sciences industry.
  • Major Players: BIOCLINICA, CRF HEALTH, ECLINICAL SOLUTIONS, ERT CLINICAL, MEDIDATA SOLUTION, INC, MERGE HEALTHCARE INCORPORATED, OMNICOMM SYSTEMS, INC, ORACLE CORPORATION AND PAREXEL INTERNATIONAL CORPORATION amongst others.

Reasons to Purchase the eCOA Market Report:

  • Current and future Electronic Clinical Outcome Assessment Solutions (eCOA) market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter's five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the eCOA Market Report:

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

Table of Contents
Product Code: 64220

Table of Contents

1. Introduction

  • 1.1. Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

  • 5.1. Current Market Scenario
  • 5.2. Porter's Five Forces Analysis
    • 5.2.1. Bargaining Power of Suppliers
    • 5.2.2. Bargaining Power of Consumers
    • 5.2.3. Threat of New Entrants
    • 5.2.4. Threat of Substitute Product and Services
    • 5.2.5. Degree of Competition

6. Market Dynamics

  • 6.1. Market Drivers
    • 6.1.1. Increasing Externalization of Clinical Trial Studies by Large Pharmaceutical and Biopharmaceutical Companies
    • 6.1.2. Growing Demand for Cloud Based Services
    • 6.1.3. Constant Advancements in eCOA Modalities and Applications
  • 6.2. Market Restraints
    • 6.2.1. High Cost of Implementation
    • 6.2.2. Data Security and Privacy Concerns
  • 6.3. Opportunities
  • 6.4. Key Challenges

7. Market Segmentation

  • 7.1. By Delivery Mode
    • 7.1.1. Web Hosted
    • 7.1.2. Cloud Based
    • 7.1.3. Others
  • 7.2. By End-User
    • 7.2.1. Hospitals
    • 7.2.2. CROs
    • 7.2.3. Pharma & Biotech Organizations
    • 7.2.4. Medical Device Manufacturers
    • 7.2.5. Academic Institutes
  • 7.3. By Geography
    • 7.3.1. North America
      • 7.3.1.1. United States
      • 7.3.1.2. Canada
      • 7.3.1.3. Mexico
    • 7.3.2. Europe
      • 7.3.2.1. France
      • 7.3.2.2. Germany
      • 7.3.2.3. United Kingdom
      • 7.3.2.4. Italy
      • 7.3.2.5. Spain
      • 7.3.2.6. Rest of Europe
    • 7.3.3. Asia-Pacific
      • 7.3.3.1. China
      • 7.3.3.2. Japan
      • 7.3.3.3. India
      • 7.3.3.4. Australia
      • 7.3.3.5. South Korea
      • 7.3.3.6. Rest of Asia-Pacific
    • 7.3.4. Middle East & Africa
      • 7.3.4.1. GCC
      • 7.3.4.2. South Africa
      • 7.3.4.3. Rest of the Middle East & Africa
    • 7.3.5. South America
      • 7.3.5.1. Brazil
      • 7.3.5.2. Argentina
      • 7.3.5.3. Rest of South America

8. Company Profiles & Competitive Landscape

  • 8.1. BioClinica
  • 8.2. CRF Health
  • 8.3. eClinical Solutions
  • 8.4. ERT Clinical
  • 8.5. Medidata Solution, Inc
  • 8.6. Merge Healthcare Incorporated
  • 8.7. OmniComm Systems, Inc
  • 8.8. Oracle Corporation
  • 8.9. Parexel International Corporation

List Not Exhaustive

9. Future of the Market

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